ILS

The move follows Sal Tucci’s departure from the firm to set up Jireh Risk Advisors.

The broker said cedants will return for extra property cover after a tough 1.1.

The ILS analysts pegged expected returns for the year at 7.40%.

The executive formerly served in the senior leadership team at Elementum.

For the ILS market, perhaps more than any other, the outcome of this year’s high inflation is still to be determined. Unlike other industries that are suffering increased immediate costs, this sector’s performance – as always – is ultimately driven by events no one can foresee.

The new firm has registered Jireh Re (SAC), an unrestricted special purpose insurer, with the Bermuda Monetary Authority.

Beazley’s $45mn first-time cyber cat bond offered all-perils coverage, though some expected early deals to start with limited scope.

The cat bond will pay out to Beazley if total claims arising from a cyber attack on its clients surpass $300mn.

Potential rotation of the investor base, along with continuing evolution in ESG and non-cat products, are set to be themes for the upcoming year.

ILS strategies specialist Siti Dawson is moving from LGT ILS Partners.

The executive spent the past 10 years working for Scor Investment Partners.

The index has recorded gains over the previous two months following sharp falls in September due to Hurricane Ian.